Published on 23 Apr 2022 on Market Watch
New Residential Investment Corp. stock outperforms market despite losses on the day
Shares of New Residential Investment Corp. shed 2.54% to $10.36 Friday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index falling 2.55% to 12,839.29 and Dow Jones Industrial Average falling 2.82% to 33,811.40. This was the stock's second consecutive day of losses. New Residential Investment Corp. closed $1.45 short of its 52-week high ($11.81), which the company reached on November 3rd.
The stock underperformed when compared to some of its competitors Friday, as Realty Income Corp. fell 1.37% to $73.54, New York Mortgage Trust Inc. fell 1.82% to $3.24, and Nam Tai Property Inc. fell 0.31% to $6.45. Trading volume (3.6 M) remained 1.5 million below its 50-day average volume of 5.1 M.